UGI Corporation Stock Forecast
UGI Corporation stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The UGI Corporation stock price gained 0.289% on the last trading day (Friday, 3rd May 2024), rising from $24.23 to $24.30. During the last trading day the stock fluctuated 4.48% from a day low at $23.67 to a day high of $24.73. The price has been going up and down for this period, and there has been a -5.59% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately $88.03 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.35% during the next 3 months and, with a 90% probability hold a price between $24.36 and $27.37 at the end of this 3-month period.
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UGI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.289%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The UGI Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $25.26 and $24.59. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for UGI Corporation stock
UGI Corporation finds support from accumulated volume at $24.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.06 between high and low, or 4.48%. For the last week, the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: $23.02 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (UGI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect UGI Corporation to open at $24.23, and during the day (based on 14 day Average True Range), to move between $23.48 and $25.12, which gives a possible trading interval of +/-$0.82 (+/-3.37%) up or down from last closing price. If UGI Corporation takes out the full calculated possible swing range there will be an estimated 6.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.25 (0.21%) than the resistance at $24.54 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is UGI Corporation stock A Buy?
UGI Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.449 Hold/Accumulate Upgraded
Predicted Opening Price for UGI Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $24.23 ( 0.274%) | $24.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UGI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.29 | 4.09 % | |
| R2 | 24.89 | 2.42 % | ||
| R1 | 24.64 | 1.39 % | ||
| Current price: | 24.30 | |||
| Support | S1 | 23.83 | -1.94 % | |
| S2 | 23.58 | -2.97 % | ||
| S3 | 23.17 | -4.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.74 | 5.93 % | |
| R2 | 25.56 | 5.19 % | ||
| R1 | 24.54 | 0.99 % | ||
| Current price | 24.30 | |||
| Support | S1 | 24.25 | -0.206% | |
| S2 | 24.23 | -0.288% | ||
| S3 | 24.07 | -0.95% |
UGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 01, 2024 | $0.375 | 1.54% |
| 2 | Jan 31, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.375 | 1.56% |
| 3 | Nov 16, 2023 | Dec 14, 2023 | Jan 01, 2024 | $0.375 | 1.52% |
| 4 | Aug 02, 2023 | Sep 14, 2023 | Oct 01, 2023 | $0.375 | 1.63% |
| 5 | May 03, 2023 | Jun 14, 2023 | Oct 01, 2023 | $0.375 | 1.63% |
FAQ
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